Among newlywed couples living in Seoul, one in three owns homes with a total assessed value exceeding 600 million won. While the number of homeowners among newlyweds in Seoul is declining, the proportion of couples with high-value real estate is increasing, exacerbating wealth polarization.
According to statistics from the National Data Agency on the housing assets of newlywed couples (married within the last five years) as of 2024, 31.4% (15,368 couples) of the 48,989 newlywed couples in Seoul own homes valued over 600 million won. This data is based on the couples' place of residence and includes various types of housing such as apartments, single-family homes, and multi-family dwellings.
A significant 85.6% (41,926 couples) of newlywed homeowners in Seoul own just one property, indicating that most of these homes exceed the 600 million won threshold. In terms of value, 38.5% of homes are valued between 300 million and 600 million won, while 30.1% (14,761 couples) are valued below 300 million won.
The proportion of couples owning homes valued over 600 million won is particularly high in Seoul. As of 2024, only 9.3% of newlywed homeowners nationwide possess homes exceeding this value. Excluding Seoul and Sejong (10.9%), the remaining 15 cities and provinces reported single-digit percentages.
Compared to 2015, when the data was first compiled, the percentage of newlywed couples in Seoul owning homes valued over 600 million won has surged from 5.9% to approximately 31.4%.
Despite a decrease in the overall number of newlywed homeowners in Seoul due to population decline and rising marriage age, the number of couples with homes valued over 600 million won has increased.
The total number of newlywed homeowners in Seoul fell from 88,500 in 2015 to 48,989 in 2024, a 44.6% decrease. However, the number of couples owning homes valued over 600 million won nearly tripled from 5,254. In contrast, the number of couples with homes valued below 300 million won dropped by 76.7%, from 63,290 couples.
As it becomes increasingly difficult to find housing, the number of newlywed couples in Seoul continues to decline. As of 2024, 19.0% (143,820 couples) of the 756,358 newlywed couples nationwide reside in Seoul. Among newlywed homeowners (323,105 couples), those living in Seoul account for 15.2% (48,989 couples), marking the lowest figure since the statistics began in 2015.
* This article has been translated by AI.
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